Bitcoin first week price speculation

mia_houston

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Quote from: Baofeng on February 06, 2022, 06:18:36 AM

Quote from: arufox on February 06, 2022, 05:23:27 AM

Throughout January 2022, the price of bitcoin continued to enter the red zone and even the price of bitcoin had dropped to $34k. However, entering February this year, the crypto market has slowly rebounded and bitcoin has returned to the $41k resistance level. I think, at this time, we have entered a bullish phase so there is hope that bitcoin will create a new ATH again.

Hmm, not yet bullish phase, maybe this is just one of those wherein investors from all over the world goes to bitcoin because stocks is tanking. And when they move out, maybe it will pull the price down again.

So I would say that we need to be very vigilant of the price movement and let's not prematurely tell that we are in a bullish cycle and will create a new all time high.

I think, price movements are still too sideways at the moment, so it is very difficult to determine where bitcoin will end up later, investors who tend to shift their assets from stocks to bitcoin indeed make bitcoin prices start to improve slightly, but what @boafeng said is true, if the current market conditions has not shown a strong bullish cycle, sideway market conditions sometimes trap us who are in a hurry to buy at a slightly expensive price and think that the market will return to a bullish cycle, but often we are trapped and the market will return to a bearish phase when there is a little price pressure in the market.

Oasisman

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Quote from: arufox on February 06, 2022, 05:23:27 AM

Throughout January 2022, the price of bitcoin continued to enter the red zone and even the price of bitcoin had dropped to $34k. However, entering February this year, the crypto market has slowly rebounded and bitcoin has returned to the $41k resistance level. I think, at this time, we have entered a bullish phase so there is hope that bitcoin will create a new ATH again.

There is always hope for the next ATH, but be careful what you're wishing for and not wish for it too early. A sudden rise and consistent rise may not be good for Bitcoin. There is always a time for consolidation, and It's not a bad thing If takes longer than you expected just like the bearish run in 2018.
There were two kinds of person during the bearish run, those who worry much because the price has dip and those who worry not to miss an entry point and were finding a bottom for a good buy.

Baofeng

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Quote from: arufox on February 06, 2022, 05:23:27 AM

Throughout January 2022, the price of bitcoin continued to enter the red zone and even the price of bitcoin had dropped to $34k. However, entering February this year, the crypto market has slowly rebounded and bitcoin has returned to the $41k resistance level. I think, at this time, we have entered a bullish phase so there is hope that bitcoin will create a new ATH again.

Hmm, not yet bullish phase, maybe this is just one of those wherein investors from all over the world goes to bitcoin because stocks is tanking. And when they move out, maybe it will pull the price down again.

So I would say that we need to be very vigilant of the price movement and let's not prematurely tell that we are in a bullish cycle and will create a new all time high.

arufox

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Throughout January 2022, the price of bitcoin continued to enter the red zone and even the price of bitcoin had dropped to $34k. However, entering February this year, the crypto market has slowly rebounded and bitcoin has returned to the $41k resistance level. I think, at this time, we have entered a bullish phase so there is hope that bitcoin will create a new ATH again.

michellee

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the first week of January we were together with very bearish market conditions while the first week of February only saw a few percent bullrun from the previous month, it looks like bitcoin has got support again and hopes are getting better in the future. bitcoin is now at $41k where previously bitcoin had fallen at $36k or its equivalent.

To start, the increase in February is enough to take profit for a while because we still have more time to take more and more profit in this year. From the fallen at $36k and then the price increase to $41k, we can make a good profit if we decide to sell some amount that we already bought. But if you still want to hold bitcoin for more, that will not be a problem because we have different goals to achieve. But at this moment, the future trading gives a nice profit to traders Grin

Kemarit

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Quote from: Dave1 on February 05, 2022, 08:55:06 PM

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the first week of January we were together with very bearish market conditions while the first week of February only saw a few percent bullrun from the previous month, it looks like bitcoin has got support again and hopes are getting better in the future. bitcoin is now at $41k where previously bitcoin had fallen at $36k or its equivalent.

This is also what I'm trying to understand, it seems that it has move, from January, now it's February and it started to be very bullish moving up to $41k and looking sharp and ready for another break out run. So maybe the best thing to do right now is see what February brings previously and look for correlation if at the end of the year we will be very bullish or not.

It also goes to show though that there is really no pattern to look at. Maybe in the previous years January was a good month. But not this time, we got early November an all time high, unlike the last bull run wherein it was December 2017.

And since Bitcoin's narrative has change, then patterns will have to re-adjust as well. So we will see how strong the current break out run this month.

Dave1

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the first week of January we were together with very bearish market conditions while the first week of February only saw a few percent bullrun from the previous month, it looks like bitcoin has got support again and hopes are getting better in the future. bitcoin is now at $41k where previously bitcoin had fallen at $36k or its equivalent.

This is also what I'm trying to understand, it seems that it has move, from January, now it's February and it started to be very bullish moving up to $41k and looking sharp and ready for another break out run. So maybe the best thing to do right now is see what February brings previously and look for correlation if at the end of the year we will be very bullish or not.

aruldaroy

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Quote from: gabbie2010 on January 07, 2022, 09:57:05 AM

Quote from: bots1 on January 07, 2022, 08:29:00 AM

I think, in the first week or throughout January 2022, Bitcoin price movements will still experience a price correction. if you look at the price movements on the charts in the crypto market, there are indications that Bitcoin will decline in the $42,000 - $40,000 support area. However, even so, the current Bitcoin price correction can be said to be a normal thing to happen, especially when it tends to have positive sentiments.

The price is presently at the support between $40K to $42K, I hope the price is rejected by that support else if the support is broken, the price might likely heads to the next strong support at $30K, though the price correction unveil opportunities of buying dips, the first weeks of 2022 had witnessed a price correction which is a bit different from that of last year, however I believe no matter how far the price dipped, it will obviously bounce back based on past history of the price behavior. ("history repeats itself ")

But in the first week of February bitcoin has shown its identity again that bitcoin will reverse direction to a number above $50k again according to the bitcoin price this morning with the last price I saw $41,913 with a change of +11.45%.
I think bitcoin is enough to go down when it's time to bounce back to the $45k support line according to the tkocrprto market chart that I saw, God willing, a new history will start again.

rby

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Quote from: asrinur on February 01, 2022, 04:41:22 AM

In the first week of 2022 the bitcoin price is still below the $40k level. However, I am optimistic the next few weeks will turn bullish for bitcoin. In fact, many experts predict that 2022 could soon turn into an attractive market environment for bitcoin. Therefore, in 2022 it is very likely that bitcoin will surpass the $80,000 price point in the next few months.

Bitcoin will rise well. One thing about bitcoin is that it falls and rise. It had never done two times gall without rising. I am not seeing bitcoin doing $80,000 this year. I just think it will reach the ath of $69,000.

asrinur

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In the first week of 2022 the bitcoin price is still below the $40k level. However, I am optimistic the next few weeks will turn bullish for bitcoin. In fact, many experts predict that 2022 could soon turn into an attractive market environment for bitcoin. Therefore, in 2022 it is very likely that bitcoin will surpass the $80,000 price point in the next few months.

btc_angela

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Quote from: EdenHazard on January 17, 2022, 11:58:53 AM

Quote from: btc_angela on January 17, 2022, 07:26:19 AM

Quote from: STT on January 17, 2022, 06:37:43 AM

I think current action (and continuation of the downturn since 2022 start) forces me to assume we are negative short term unless we negate that outcome by beating current resistance and proving that by a 4hr bar trading that level as a low. It does seem we have some decay in the price but its not yet confirmed we have any strong direction.
Is this pattern a descending triangle if so lets see price action beat 43.5k. For the moment its sideways to negative in my estimate.

I'm leaning towards the sideways movement though, it seems that there are no strength to push the price to at least $43k although if I'm not mistaken we have hit it already but it falls down very quick.

So its could be sideways for the meantime and then the last week will be critical because I'm seeing another downturn in the price to probably $40k'ish again.

Altcoin time! i might looking to get some altcoin investment in the current bearish market , some of them get down too much , and looking for 20 to 30% profit seems to be an easy one for the next couple weeks till the bitcoin market taking a solid manuver whether to going down or turned into an unstoppable going up.

not an impressive first week of 2022 but still we look for a turnover in not so short period.

Not sure about alt coins as well mate, haven't followed it for a while. Maybe except for NFT's craze and the whole staking and staking. But other than that, altcoins market too might suffer if bitcoin price is going to suffer as they have correlation.

As for the first week of 2022, we've seen it already. And it's the end of the month today and the price as I have said, is on the sideway patterns.

EdenHazard

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Quote from: btc_angela on January 17, 2022, 07:26:19 AM

Quote from: STT on January 17, 2022, 06:37:43 AM

I think current action (and continuation of the downturn since 2022 start) forces me to assume we are negative short term unless we negate that outcome by beating current resistance and proving that by a 4hr bar trading that level as a low. It does seem we have some decay in the price but its not yet confirmed we have any strong direction.
Is this pattern a descending triangle if so lets see price action beat 43.5k. For the moment its sideways to negative in my estimate.

I'm leaning towards the sideways movement though, it seems that there are no strength to push the price to at least $43k although if I'm not mistaken we have hit it already but it falls down very quick.

So its could be sideways for the meantime and then the last week will be critical because I'm seeing another downturn in the price to probably $40k'ish again.

Altcoin time! i might looking to get some altcoin investment in the current bearish market , some of them get down too much , and looking for 20 to 30% profit seems to be an easy one for the next couple weeks till the bitcoin market taking a solid manuver whether to going down or turned into an unstoppable going up.

not an impressive first week of 2022 but still we look for a turnover in not so short period.

btc_angela

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Quote from: STT on January 17, 2022, 06:37:43 AM

I think current action (and continuation of the downturn since 2022 start) forces me to assume we are negative short term unless we negate that outcome by beating current resistance and proving that by a 4hr bar trading that level as a low. It does seem we have some decay in the price but its not yet confirmed we have any strong direction.
Is this pattern a descending triangle if so lets see price action beat 43.5k. For the moment its sideways to negative in my estimate.

I'm leaning towards the sideways movement though, it seems that there are no strength to push the price to at least $43k although if I'm not mistaken we have hit it already but it falls down very quick.

So its could be sideways for the meantime and then the last week will be critical because I'm seeing another downturn in the price to probably $40k'ish again.

STT

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I think current action (and continuation of the downturn since 2022 start) forces me to assume we are negative short term unless we negate that outcome by beating current resistance and proving that by a 4hr bar trading that level as a low. It does seem we have some decay in the price but its not yet confirmed we have any strong direction.
Is this pattern a descending triangle if so lets see price action beat 43.5k. For the moment its sideways to negative in my estimate.

FanEagle

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Quote from: TravelMug on January 15, 2022, 05:43:36 AM

Not sure what charts you are looking but there is no further growth, on the contrary, it remain stagnant and bitcoin is just above $40k right now. So maybe the data is again skewed as bitcoin narrative has change now, or it is because the price is really getting higher by every cycle, it's hard for the price to sustain its run specially that we have reach all time high twice late last year. So it will be interesting how things will pan out, but I'm leaning towards a bear market though and it will be a very difficult first quarter of the year.

There is absolutely nothing to worry about with the price right now. Sometimes these things happen and there is no way of realizing if you are doing the right thing or not. However, in the long run it goes up and that means if you buy and it drops then you did a wrong thing that could be saved in the long run. Whereas if you sell thinking it will go down and it goes up there is no recovery on that at all. So, while one side at least have a way out, the other side doesn't have that so you know what you should do.

Most people miss that about crypto and they end up not being too much of a profitable traders or investors because they always think that there are two possible ways to make money and you could be wrong or right in both of them, as we have seen that is not right.

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Quote from: Rimueng on January 10, 2022, 12:34:00 PM

The first week of 2022 is expected to bring further growth to the cryptocurrency market and bitcoin soon rise from the price correction. However, it seems difficult for bitcoin to be bullish again in January because since the end of 2021 the bitcoin price is still correcting. Therefore, let's see how the direction of the next bitcoin price movement will be whether it will continue to decline or be bullish in the next few months.

Not sure what charts you are looking but there is no further growth, on the contrary, it remain stagnant and bitcoin is just above $40k right now. So maybe the data is again skewed as bitcoin narrative has change now, or it is because the price is really getting higher by every cycle, it's hard for the price to sustain its run specially that we have reach all time high twice late last year. So it will be interesting how things will pan out, but I'm leaning towards a bear market though and it will be a very difficult first quarter of the year.

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The first week of 2022 is expected to bring further growth to the cryptocurrency market and bitcoin soon rise from the price correction. However, it seems difficult for bitcoin to be bullish again in January because since the end of 2021 the bitcoin price is still correcting. Therefore, let's see how the direction of the next bitcoin price movement will be whether it will continue to decline or be bullish in the next few months.

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Quote from: Falconer on January 07, 2022, 04:07:18 AM

People were expecting bullish, but what happened was a correction. However this situation is not entirely bad for investors especially if they like to carry out an accumulation strategy during price correction. This may not be good for those who don't like this strategy, but buying during the correction for the longer term will be good when we realize that ATH is a sure thing for the price. Of course this is not a good condition for selling, but it is much better if you consider buying every drop of it.

This is definitely a good period to be in accumulation phase right now. I mean it is obvious that it wasn't a good week for bitcoin, and the drop definitely did made everyone be a little surprised, even though bitcoin could drop at any moment and that possibility is always there, I agree that many people were expecting some big bull run.

If people could just calm down, instead of panicking right now, just focus on getting more, and keep saving to buy some more if the price drops, then we are going to end up with something a lot better. This doesn't mean that we won't have any problems or will have a lot of profit but it just means it could get better in the long run.

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I think that in the past week, the price of bitcoin and altcoins has still experienced a sharp decline in price. even the price of bitcoin has decreased significantly where the price has dropped to the level of $41k and possibly towards $39k. Conditions like this psychologically make investors panic selling after seeing the red market. However, I am optimistic that perhaps bitcoin's return to a bull run will occur around April 2022.

STT

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September lows or July lows to be most relevant in arresting this drop is what I'm looking for. There's always a good reason to sell and there are alot of traders who use borrowed money and sell every friday for sure, there are fears of sharper FED policy but its not here yet and they continue to dilute the monetary base. Its speculation, I think they are easy money for some time yet because the FED has little else as a policy or tool apparently.
It'll find a bottom around 40k I think and then could rise back to the 50 day average, thats quite a range but Bitcoin can and has done this previously.

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